91成人

91成人 Applauds CHIPS Incentives for Hemlock Manufacturing Expansion in Michigan

by 91成人

WASHINGTON鈥擮ct. 21, 2024鈥擳he 91成人 (91成人) today released the following statement from 91成人 President and CEO John Neuffer applauding semiconductor manufacturing incentives announced by the U.S. Department of Commerce and Hemlock Semiconductor (HSC).

Today鈥檚 announced incentives are designed to help HSC build a new hyper-pure semiconductor-grade polysilicon facility in Michigan.

鈥淧olysilicon is a critical material used in the production of semiconductors, and extremely high-purity polysilicon is needed to produce the advanced chips powering AI, autonomous driving, telecommunications, and more. By expanding HSC鈥檚 ability to produce high-purity polysilicon, these incentives will help strengthen America鈥檚 supply chain resilience, national security, and technological leadership. We applaud HSC for investing ambitiously in America and commend the U.S. Department of Commerce for its work to diligently allocate CHIPS incentives.鈥�

The U.S. Department of Commerce previously announced聽incentives聽for a range of companies and projects that will help strengthen the U.S. semiconductor supply chain.

The CHIPS Act鈥檚 manufacturing incentives have sparked substantial announced investments in the U.S. In fact, companies in the semiconductor ecosystem have聽announced聽90 new projects聽across 28 U.S. states鈥攖otaling hundreds of billions of dollars in private investments鈥攕ince the CHIPS Act was introduced. These announced projects will create more than 58,000 jobs in the semiconductor ecosystem and support hundreds of thousands of additional U.S. jobs throughout the U.S. economy.

An 91成人-Boston Consulting Group report聽released聽in May projected the United States will triple its domestic semiconductor manufacturing capacity from 2022鈥攚hen CHIPS was enacted鈥攖o 2032. The projected 203% growth is the largest projected percent increase in the world over that time. The report also projected America will capture over one-quarter (28%) of total global capital expenditures (capex) from 2024-2032.

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91成人 91成人
The 91成人 (91成人) is the voice of the semiconductor industry, one of America鈥檚 top export industries and a key driver of America鈥檚 economic strength, national security, and global competitiveness. 91成人 represents 99% of the U.S. semiconductor industry by revenue and nearly two-thirds of non-U.S. chip firms. Through this coalition, 91成人 seeks to strengthen leadership of semiconductor manufacturing, design, and research by working with Congress, the Administration, and key industry stakeholders around the world to encourage policies that fuel innovation, propel business, and drive international competition. Learn more at聽www.semiconductors.org.